Onsemi (NASDAQ:ON – Get Free Report) will be releasing its earnings data before the market opens on Monday, October 28th. Analysts expect Onsemi to post earnings of $0.97 per share for the quarter. Onsemi has set its Q3 guidance at $0.91-1.03 EPS and its Q3 2024 guidance at 0.910-1.030 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Onsemi (NASDAQ:ON – Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. On average, analysts expect Onsemi to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Onsemi Price Performance
Shares of ON opened at $68.49 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01. The firm has a market cap of $29.34 billion, a PE ratio of 15.60, a PEG ratio of 3.90 and a beta of 1.65. The firm’s 50 day moving average price is $72.09 and its 200 day moving average price is $71.43. Onsemi has a twelve month low of $59.34 and a twelve month high of $90.09.
Insider Activity at Onsemi
Analyst Upgrades and Downgrades
Several research firms recently issued reports on ON. Bank of America lifted their price objective on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Mizuho set a $85.00 price objective on Onsemi in a report on Friday. Citigroup lowered Onsemi from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $85.00 to $77.00 in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. upped their target price on Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.74.
Onsemi Company Profile
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.
Further Reading
- Five stocks we like better than Onsemi
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Is Spotify Stock Poised to Soar? Options Traders Think So
- ESG Stocks, What Investors Should Know
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- Market Cap Calculator: How to Calculate Market Cap
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Receive News & Ratings for Onsemi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onsemi and related companies with MarketBeat.com's FREE daily email newsletter.